Quarterly Result29 Jan 2026, 07:32 pm
Fino Payments Bank's Average Deposits Grow by 32% YoY, Setting Stage for SFB Conversion
AI Summary
Fino Payments Bank announced its financial and operational performance for the quarter ended December 31, 2025 (Q3'26 & 9M’26). The bank achieved a significant milestone by becoming the first and only Payments Bank to receive In-principle approval from the RBI to convert into a Small Finance Bank. The bank's average deposits increased by 32% YoY, indicating strengthening customer ownership and balances. The total throughput for Q3’26 was X118.1k cr and for 9M’26 was X356.2k cr (up 8% YoY). The bank opened 8.7 lakh new accounts in Q3’26, taking the total customer base to 1.68 cr, up by 25% compared to Dec’24.
Key Highlights
- Fino Payments Bank received In-principle approval from the RBI to convert into a Small Finance Bank
- Average deposits increased by 32% YoY
- Total throughput for Q3’26 was X118.1k cr and for 9M’26 was X356.2k cr (up 8% YoY)
- 8.7 lakh new accounts were opened in Q3’26
- Customer average balance rose by 9% YoY to 1,314